Texas Instruments Incorporated (NASDAQ:TXN) Holdings Cut by Heron Bay Capital Management

Heron Bay Capital Management lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 26.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,379 shares of the semiconductor company's stock after selling 9,274 shares during the quarter. Heron Bay Capital Management's holdings in Texas Instruments were worth $4,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Promus Capital LLC bought a new position in shares of Texas Instruments in the 4th quarter worth about $25,000. Financial Life Planners bought a new position in Texas Instruments in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new position in Texas Instruments in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at approximately $28,000. Finally, Atala Financial Inc acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $37,000. Institutional investors own 84.99% of the company's stock.

Texas Instruments Price Performance

Shares of TXN traded down $4.73 during mid-day trading on Thursday, hitting $179.76. The company's stock had a trading volume of 851,646 shares, compared to its average volume of 5,344,287. Texas Instruments Incorporated has a fifty-two week low of $159.11 and a fifty-two week high of $220.39. The stock has a market capitalization of $163.57 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 3.30 and a beta of 0.98. The firm has a 50-day moving average price of $186.90 and a 200 day moving average price of $194.99. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Remove Ads

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the company earned $1.49 EPS. On average, research analysts predict that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Friday, January 31st were given a $1.36 dividend. The ex-dividend date was Friday, January 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.03%. Texas Instruments's dividend payout ratio (DPR) is 104.82%.

Insider Buying and Selling

In other news, Director Janet F. Clark sold 6,065 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $203.62, for a total value of $1,234,955.30. Following the completion of the sale, the director now owns 10,816 shares of the company's stock, valued at $2,202,353.92. This trade represents a 35.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mark A. Blinn sold 590 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now directly owns 11,717 shares in the company, valued at $2,117,379.07. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 297,655 shares of company stock valued at $59,841,304. 0.57% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial reduced their price objective on Texas Instruments from $199.00 to $195.00 and set a "hold" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Mizuho dropped their price objective on shares of Texas Instruments from $200.00 to $190.00 and set a "neutral" rating on the stock in a report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $230.00 target price on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Barclays decreased their target price on shares of Texas Instruments from $200.00 to $180.00 and set an "equal weight" rating for the company in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $209.20.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.